Methode Electronics, Inc. acquires TouchSensor Technologies from Gemtron Corporation

CHICAGO, March 1, 2007 ­­ Methode Electronics, Inc. (NASDAQ: METH), a global manufacturer of electronic components and subsystem devices, today announced that it has acquired one hundred percent of the member interest of TouchSensor Technologies, LLC from Gemtron Corporation for $65 million in cash and assumed liabilities. Gemtron Corporation is owned by SCHOTT North America and AFG Industries.

TouchSensor is the North American market leader in solid­state, field­effect switching. Using its patented technology, the Company designs and manufactures touch-sensitive user interface panels found on products such as home appliances, commercial beverage dispensers and automobiles. More durable and reliable than mechanical or membrane switches, TouchSensor® panels are becoming increasingly popular and are used by many of the world’s leading brands, including Whirlpool/Maytag, Electrolux, LifeFitness, Precor, Kohler, General Electric and BMW. This transaction, which is anticipated to be accretive to Methode’s fiscal year 2008 earnings, directly complements Methode’s corporate strategy, offering expected near­ and long­term synergies. TouchSensor’s patented applications are already found in multiple industries and offer Methode a platform from which to expand into new markets, such as medical and point­of­sale equipment. Moreover, this acquisition provides Methode with an exciting new technology to offer its existing and future automotive OEM customers.

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